PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher Sells 1,700 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 1,700 shares of PriceSmart stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $95.00, for a total transaction of $161,500.00. Following the completion of the sale, the director now directly owns 16,911 shares in the company, valued at $1,606,545. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jeffrey Fisher also recently made the following trade(s):

• On Thursday, January 30th, Jeffrey Fisher sold 5,000 shares of PriceSmart stock. The stock was sold at an average price of $93.00, for a total value of $465,000.00.

PriceSmart Price Performance

PSMT opened at $93.55 on Thursday. The firm has a 50-day moving average price of $92.15 and a 200-day moving average price of $89.95. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $99.23. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 20.61 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share. Equities analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, February 18th. PriceSmart’s dividend payout ratio (DPR) is 25.55%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded PriceSmart from a “buy” rating to a “hold” rating in a research note on Monday.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of PriceSmart by 227.3% in the third quarter. Barclays PLC now owns 46,710 shares of the company’s stock worth $4,287,000 after buying an additional 32,438 shares in the last quarter. Stifel Financial Corp boosted its holdings in PriceSmart by 18.4% in the 3rd quarter. Stifel Financial Corp now owns 39,513 shares of the company’s stock valued at $3,627,000 after purchasing an additional 6,137 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of PriceSmart by 47.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company’s stock valued at $1,677,000 after purchasing an additional 5,818 shares in the last quarter. Burney Co. bought a new position in shares of PriceSmart in the fourth quarter worth $5,030,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of PriceSmart by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,096 shares of the company’s stock worth $4,873,000 after buying an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

About PriceSmart

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.